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Stretched Australians unable to reduce debt

Stretched Australians unable to reduce debt

Fewer people expect to reduce their debt levels this year and more expect to increase them despite household debt running at 190 per cent.

    Economists back IMF on property, rates

    Economists back IMF on property, rates

    Economists endorsed the IMF's view that the property downturn was worse than previously thought and said it increased the chance the RBA would cut interest rates.

    Morrison drives SUV over Shorten's electric car plan

    Morrison drives SUV over Shorten's electric car plan

    Scott Morrison is determined to drive a very heavy SUV right over Labor’s EV targets, hoping to flatten Shorten’s rhetoric en route.

    How Toll made $8.1m for six days' work

    Home Affairs admitted the government was forced to pay $8.1 million to Toll Holdings after it abruptly cancelled a building project on Manus Island.

    The $1.1b battle over a mine that didn't happen

    Like many disputes, the disagreement between two Queensland coal barons started with an agreement.

    Adani calls in lawyers over approval delays

    Adani is getting increasingly frustrated over delays for the approval of its $2 billion Carmichael mine.

    ASX advances on solid US jobs growth

    Australian shares rebounded from last week's loss after a better-than-expected rise in US jobs allayed fears of a recession.

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    Business

    Napoleon Perdis creditors approve $1.6m DOCA 

    Napoleon Perdis creditors approve $1.6m DOCA 

    Creditors of Napoleon Perdis Cosmetics have approved a $1.6 million rescue proposal but not everyone is happy.

    Adani calls in lawyers over approval delays

    Adani calls in lawyers over approval delays

    Adani is getting increasingly frustrated over delays for the approval of its $2 billion Carmichael mine.

    Talbot questioned JV agreement from the start

    Talbot questioned JV agreement from the start

    At the first day of the $1.1 billion dispute over the Monto Coal project in Queensland, lawyers detailed the early breakdown in the joint-venture partnership.

    Rich Lister's fortune is on the rise

    Rich Lister's fortune is on the rise

    The merger plans have added $25 million to Nick Politis' wealth. There's more to come if the combined group's share price pierces $10-plus as Moelis predicts.

    City of Sydney disputes JCDecaux's upgrade of Telstra payphones

    The City of Sydney has written to Telstra and disputed its right to upgrade payphones, including the installation of new, large advertising panels next to them.

    OneMarket breaks away from Westfield origins

    OneMarket was said to be Westfield's attempt to create a tech giant like Uber or Airbnb, but almost a year after listing a lot remains to be seen.

    Envato profits halve but every staffer ever gets spoils

    The Young Rich List founders still declared a $57.5 million dividend as revenue grew strongly.

    Markets

    Buffett's big, happy Berkshire family

    Buffett's big, happy Berkshire family

    Warren Buffett has started allowing his successor candidates a higher profile internally at Berkshire Hathaway. Now, he needs to do so publicly.

    ASX closes higher on resources

    ASX closes higher on resources

    Australian shares have closed higher on Monday led by the major resource stocks as the market took an optimistic lead from Wall Street.

    Watch these market correlations for warnings

    Watch these market correlations for warnings

    It's not the prices, it's the correlations between different measures that tells the story, say JP Morgan's strategists.

    Aramco attracts $US30b demand for expected $US10b bond issue

    Bankers are pushing for the multibillion-dollar bond to come at a cheaper borrowing cost for the oil company than for Saudi Arabian government bonds.

    Turkish banks sweat under rising pile of debt restructurings

    Turkish companies are struggling to get off the hamster wheel of debt as foreign borrowings run near record highs because of the plunge in the lira.

    Opinion

    Can markets handle a trillion-dollar private-equity war chest?

    As long as there has been private equity, there have been concerns these firms have too much money to spend. But this time there are reasons to really pay attention.

    Jonathan Shapiro

    Senior Reporter

    Jonathan Shapiro

    Why the election has been delayed

    There are three reasons why May 11 was the least likely option for the election: public holidays, postal votes and taxpayer-funded advertising.

    Phillip Coorey

    Political Editor

    Phillip Coorey

    Where the bloody hell are you, ScoMo asks

    Bill Shorten’s line that everything is going up except people’s wages resonates with voters.

    Mahathir follows Wesfarmers' plan to remodel Lynas

    Australia's rare earths exporter has been told to keep its radioactive waste at home.

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    Politics

    ALP's negative gearing policy based on 'dodgy data'

    ALP's negative gearing policy based on 'dodgy data'

    Labor's negative gearing policy will be "catastrophic" for property investment, industry bosses claim.

    Telstra strike to bolster ACTU rally

    Telstra strike to bolster ACTU rally

    The Telstra strikes are one of many walk-offs expected to occur as the ACTU hopes for 250,000 unionists to attend nationwide rallies to change industrial relations laws.

    Paladin security officer charged with sexual assault

    Paladin security officer charged with sexual assault

    Paladin, the controversial security company awarded $423 million in federal contracts, is dealing with another serious incident.

    Commonwealth super fund dumps Adani stake

    The manager of $45.5 billion of federal public servants' retirement funds dumped its stake in Adani in February as Norway's sovereign fund proposes selling out of coal.

    Labor carbon policy relies on global credits: Greens

    Greens climate spokesman Adam Bandt said that if Labor won the election, his party would use its Senate numbers to try and force Labor to dump the use of international permits.

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    World

    Nissan investors sever remaining ties with ousted Ghosn

    Nissan investors sever remaining ties with ousted Ghosn

    Nissan Motor shareholders ousted erstwhile boss Carlos Ghosn as a director on Monday, formally severing his ties with the Japanese automaker he rescued from near-bankruptcy two decades ago.

    Homeland Secretary exits as border influx sours Trump's mood

    Homeland Secretary exits as border influx sours Trump's mood

    Kirstjen Nielsen resigned after meeting with Donald Trump, ending a tumultuous tenure in charge of the border security agency that had made her the target of the president's criticism.

    Pompeo warns Libyan warlord's forces to halt advance on Tripoli

    Pompeo warns Libyan warlord's forces to halt advance on Tripoli

    The Trump administration issued a stern warning to Libyan militia leader Khalifa Haftar to halt his forces' advance on Tripoli, and urged all aides to continue with political negotiations.

    Calculating the final cost of Max 737 crashes

    Boeing still has a long way to go to restore the confidence that was previously placed in it.

    Australian barley growers in limbo as China probe drags on

    Thousands of farmers are sweating on China’s next move in the countdown to Anzac Day, the traditional start of winter crop seeding for grain growers.

    Real Estate

    Squatter mows lawns, opens up during campaign

    Squatter mows lawns, opens up during campaign

    The real estate agent was scared initially, but developed a working relationship with unofficial tenant of property he was selling.

    Universal Music Australia signs new office lease in Carlton

    Universal Music Australia signs new office lease in Carlton

    Property development firm Infinite Blue has also signed an office lease in Sydney.

    Lendlease retail fund to sell half stake in Adelaide's biggest mall

    Lendlease retail fund to sell half stake in Adelaide's biggest mall

    Lendlease has moved to offload a half stake in Westfield Marion after receiving $2 billion in redemption requests from its unlisted retail fund.

    Green Valley Shopping Village sells at a more generous yield

    Better yields on retail property are available as retail business weakens.

    'Under stress': One in five auctions pulled

    Homeowners in Sydney are increasingly withdrawing properties before the big auction day while in Melbourne, homes are selling for prices below their valuations.

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    Personal Finance

    Buy, hold, sell: Automotive Holdings, Kogan, Bellamy's

    Buy, hold, sell: Automotive Holdings, Kogan, Bellamy's

    Buy, hold, sell takes a look at what the challenges facing the car sector mean for AHG, the David and Goliath battle confronting Kogan and Bellamy's China push.

    Don't doubt the power of defaulting into super

    Despite criticism of the system, being defaulted into a super fund can work out pretty well over the longer term - often even better than actively managing it.

    Here's why Germany can withstand this rough patch

    Pessimistic Australian global investors need to remember that Germany has deeper pockets to subsidise bad troughs.

    Technology

    Your AirPods will probably die soon

    Your AirPods will probably die soon

    A month ago, my AirPods started dying. Their batteries, which are not replaceable by users, no longer last more than 30 minutes. So should you buy Airpods 2?

      Could AI restore trust in banks?

      Could AI restore trust in banks?

      IPsoft believes its digital employee Amelia could work alongside bank employees as a digital supervisor.

      Printing not headed for a Kodak moment: HP Australia

      Printing not headed for a Kodak moment: HP Australia

      HP Inc is successfully growing revenue in its printing business again, despite predictions that people would stop using printers.

      Leadership

      Innovation is not a dirty word Mr Morrison

      Innovation is not a dirty word Mr Morrison

      The government is looking to support the jobs of today because it polls well, but small business and start-ups are different.

      What men really want: more time with their kids

      A lot of young men are more interested in parenting than their fathers.

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      Lifestyle

      These 3 bad diets are 'worse than smoking'

      These 3 bad diets are 'worse than smoking'

      Limiting unhealthy foods might not be the best approach to improving your health, a new study by medical journal The Lancet says.

      40m reviews say it's the world's best wine

      40m reviews say it's the world's best wine

      The Vivino Wine Awards should be taken with a grain of salt, but that doesn't mean they don't provide insight into how people buy and enjoy wine.

      Why Sheryl Sandberg would be a dream jogging buddy

      Why Sheryl Sandberg would be a dream jogging buddy

      Citrix executive and working mother Erin Butler says the Facebook chief operating officer is an incredible role model. She answers our Time Out Q&A.

      Luxury hotels suck on bitter suites

      Luxury hotels suck on bitter suites

      Competition among luxury hotels is intense as well-heeled guests grow in number and their expectation of new experiences.

      7 of the most dangerous things that put you at risk of a heart attack

      7 of the most dangerous things that put you at risk of a heart attack

      Even as doctors learn more about what causes heart attacks and how to prevent them, attacks are becoming more common in young people.

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      3. Corporate Travel's Jamie Pherous is not a Chartered Accountant

      4. 'Under stress': One in five auctions pulled

      5. Apple's AirPods are the perfect earbuds, except they don’t last

      6. CBA, Telstra work top-secret blockchain project

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